Gerrard, 37, is currently managing the Liverpool U18s, but following the dismissal of Graeme Murty from the Glasgow club, talks have intensified between the former England international and the Scottish outfit.
Appearing as a pundit for BT Sport’s coverage of the Champions League semi-final second leg between Real Madrid and Bayern Munich, Gerrard reaffirmed the rumours.
“Yeah there’s truth in the rumours,” Gerrard told the BT Sports panel, consisting of Gary Lineker, Rio Ferdinand and Frank Lampard.
“I’ve held initial talks with Rangers and the plan is to pick them up in a couple of days time. We’ll see (if it happens).
“Yeah there is (an interest), as I said I’ve held positive talks with them.
“The plan, obviously I’m busy for a couple of days now, but I’ll pick it up on Thursday and see if I can progress it.”
Rangers suffered a humiliating defeat at the weekend, losing 5-0 to eternal rivals Celtic, who in turn clinched their seventh consecutive Scottish Premiership title as a result.
The Light Blues have been desperate to rediscover their former glory days having dropped to the lowest tier of Scottish football in 2012 after the club fell into liquidation.
Should Rangers appoint Gerrard, then the former midfielder will have a massive job on his hands to turn the fortunes of the club around, as the gulf in quality between Celtic and the rest of the league remains vast.
Rangers host Kilmarnock this weekend before facing successive crunch clashes with Aberdeen and Hibernian, as all three clubs battle out for the runners-up position in the Scottish Premiership.